Equity Day Traders please post your firm only.

swimtrader said:
Chris,

You are new to ET so I'll cut you some slack.

There are no "legitimate prop firms" that don't require a deposit that 99.99999999999% of the posters on ET can apply for, let alone get hired. The topic has been covered to death here.

There are many very legitimate prop firms that do require a deposit. JC Trading Group, Bright Trading, Chimera have all been around a lot longer than you and I have been trading.
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Thank you Swimtrader
 
pleckerchris said:
Of course the actual stock or bond you are buying cannot be FDIC insured, nor any other investment. But the deposit and balance in your account can and should be FDIC insured. My TD Ameritrade cash and margin accounts are FDIC insured. Most legitimate brokerage accounts are FDIC insured. Any account that you deposit money into should be FDIC insured. Ameritrade is FDIC insured, E-Trade, Charles Shwab, etc. If you are putting money in a deposit to play prop firm, you should make sure they are FDIC insured to protect your despot, because they disappear as fast as they are made up. I've personally lost $5K to a prop firm that shut down and was not FDIC insured. If they've been around for years like you say, then that may not be an issue, but it's still a worth the extra assurance that your deposit is safe.
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Chris,

Again you are very confused and I don't understand why you keep posting incorrect statements. Brokerage accounts are NOT insured by the FDIC. They are insured by SIPC.

If a brokerage firm offers banking services then the money in that account will be FDIC insured but again that is NOT for your brokerage account that you trade stocks in.

Please get your facts correct.

This is from E-Trade website: https://us.etrade.com/customer-service/faq


What is brokerage insurance?
SEC Customer Protection Rule
All fully-paid customer securities, including stocks and bonds, are 100% owned by the customer. These securities are required to be kept segregated from E*TRADE Securities' own assets, and cannot be used by E*TRADE Securities to satisfy its own obligations.

SIPC Protection
In addition, E*TRADE Securities LLC is a Member of SIPC, which protects securities of its members up to $500,000 (including $250,000 for claims for cash). SIPC's explanatory brochure is available upon request or at www.sipc.org.

SIPC coverage is not the same as the insurance on bank accounts provided by the Federal Deposit Insurance Corporation (FDIC). It does not protect investors against a decline in the market value of securities. SIPC generally protects customers against the physical loss of securities if the broker/dealer holding the securities for the customer fails.
 
Crispy said:
Please post your firm.

I am looking to join a deposit prop firm. I really dont want opinions, rates, feedback...etc. Just need a list of names to start my due dili process. Yeah, ive tried search engines already. They kind of stink for this type of search. You get a lot of fluff to delve through before an actual name pops up.

Thanks!
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Crispy, what happened with TST?
 
Honestly, you couldn't pay me to trade equities intra-day, but the swing moves are good. You should reach out to Bright. Very generous over night margin.
 
Maverick74 said:
Honestly, you couldn't pay me to trade equities intra-day, but the swing moves are good. You should reach out to Bright. Very generous over night margin.
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Its funny you mention overnights. Right now I have geared one of my systems components to swing trading all the macro suite type ETF `s. it is showing promise and i would like to go to work. What X is the overnight at Bright?
 
Crispy said:
Its funny you mention overnights. Right now I have geared one of my systems components to swing trading all the macro suite type ETF `s. it is showing promise and i would like to go to work. What X is the overnight at Bright?
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Depends how hedged you are. Honestly I felt they were waaaaaaay too liberal with their risk. Let's put it this way, it's enough for you to go through all your equity.
 
Maverick74 said:
Depends how hedged you are. Honestly I felt they were waaaaaaay too liberal with their risk. Let's put it this way, it's enough for you to go through all your equity.
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Ok. Im not a wildman. If I got 4x overnight that would suffice.

Thanks for the information.
 
Hey Crispy,

This is who im trading with right now -> http://www.ftgtrading.com/



Crispy said:
Please post your firm.

I am looking to join a deposit prop firm. I really dont want opinions, rates, feedback...etc. Just need a list of names to start my due dili process. Yeah, ive tried search engines already. They kind of stink for this type of search. You get a lot of fluff to delve through before an actual name pops up.

Thanks!
More...
 
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